Envestnet Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Envestnet in the last twelve months. There are currently 1 sell rating, 2 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Envestnet stock.
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Wall Street analysts have given Envestnet a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Envestnet wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Envestnet saw a increase in short interest in June. As of June 15th, there was short interest totaling 3,070,000 shares, an increase of 40.8% from the May 31st total of 2,180,000 shares. Based on an average daily volume of 604,700 shares, the short-interest ratio is currently 5.1 days. Approximately 6.0% of the shares of the stock are sold short.
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Envestnet is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
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Envestnet will be holding an earnings conference call on Thursday, August 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Envestnet, Inc. (NYSE:ENV) issued its earnings results on Thursday, May, 6th. The business services provider reported $0.64 EPS for the quarter, topping the Zacks' consensus estimate of $0.61 by $0.03. The business services provider had revenue of $275.10 million for the quarter, compared to analyst estimates of $273.48 million. Envestnet had a trailing twelve-month return on equity of 11.50% and a net margin of 1.87%. Envestnet's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS.
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Envestnet's stock was trading at $63.33 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ENV stock has increased by 17.8% and is now trading at $74.62.
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Envestnet updated its second quarter 2021 earnings guidance on Thursday, May, 27th. The company provided earnings per share (EPS) guidance of 0.530-0.550 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.530. The company issued revenue guidance of $281 million-$284 million, compared to the consensus revenue estimate of $282.64 million.

10 brokerages have issued 12-month price objectives for Envestnet's stock. Their forecasts range from $63.00 to $99.00. On average, they anticipate Envestnet's stock price to reach $85.44 in the next twelve months. This suggests a possible upside of 14.5% from the stock's current price.
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44 employees have rated Envestnet CEO Bill Crager on Glassdoor.com. Bill Crager has an approval rating of 100% among Envestnet's employees. This puts Bill Crager in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Envestnet include Facebook (FB), SEA (SE), Equinix (EQIX), Twitter (TWTR), eBay (EBAY), CoStar Group (CSGP), VeriSign (VRSN), Akamai Technologies (AKAM), Opendoor Technologies (OPEN), J2 Global (JCOM), Angi (ANGI), Stamps.com (STMP), LivePerson (LPSN), SPS Commerce (SPSC) and Cornerstone OnDemand (CSOD).
View all of ENV's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Envestnet investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Crown Castle International (CCI), Transocean (RIG), Alibaba Group (BABA) and Intel (INTC).

Envestnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Envestnet's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Oregon Public Employees Retirement Fund (0.03%), New Mexico Educational Retirement Board (0.02%) and State of Alaska Department of Revenue (0.02%). Company insiders that own Envestnet stock include Anil Arora, Brandon Thomas, Joshua Mayer, Judson Bergman, Matthew Majoros, Peter D'arrigo, Scott D Grinis, Shelly O'brien, Stuart Depina and William Crager.
View institutional ownership trends for Envestnet.

ENV stock was acquired by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, New Mexico Educational Retirement Board, and State of Alaska Department of Revenue.
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Shares of ENV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ENV stock can currently be purchased for approximately $74.62.

Envestnet has a market capitalization of $4.06 billion and generates $998.23 million in revenue each year. The business services provider earns $-3,110,000.00 in net income (profit) each year or $1.74 on an earnings per share basis.

Envestnet employs 4,250 workers across the globe.

The official website for Envestnet is www.envestnet.com.

Envestnet is headquartered at 35 EAST WACKER DRIVE SUITE 2400, CHICAGO IL, 60601.

Envestnet's mailing address is 35 EAST WACKER DRIVE SUITE 2400, CHICAGO IL, 60601. The business services provider can be reached via phone at 312-827-2800 or via email at [email protected]